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Problems In a purely competitive market, 10,000 pocket transistors can be manufactured and sold and a certain profit is generated. It is estimated that 2,000
Problems In a purely competitive market, 10,000 pocket transistors can be manufactured and sold and a certain profit is generated. It is estimated that 2,000 pocket transistors need be manufactured and sold in a monopoly market to earn the same profit. Profit under both the conditions is targeted at $2,00,000. The variable cost per transistor is $100 and the total fixed cost is $37,000. You are required to find out the unit selling prices both under monopoly and competitive conditions
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